<u>Answer: </u>Approach followed by Iron Crafters Inc. to improve the security of the workplace is called safety engineering.
<u>Explanation:</u>
Safety engineering means a principle followed by the Iron crafters hardware manufacturing company to ensure that good level of safety of the workplace is maintained. It also means that even if the machinery fails there is no critical situation for life of the workers.
By following safety engineering Iron crafters can prevent accidents in the manufacturing company for the employees. The health hazards can be reduced or eliminated with these measures. Safe engineers check for potential hazards through recreation of situation.
I would say yes, because a person would want to know fully what they are getting into.
Answer:
C) debit Salary Expense, $16,440; credit Salaries Payable, $16,440
Explanation:
The adjusting entry is as follows
Salaries expense Dr $16,440
To Salaries payable $16,440
(Being the salary expense is recorded)
The computation is shown below:
= $41,100 × 2 days ÷ 5 days
= $16,440
While recording this we debited the salaries expense and credited the salary payable as it increased the expenses and liabilities account
Answer:
Management and leadership realize how paradoxical thought can be used to enhance organization.
Explanation:
- Paradoxical thinking a current method to understand fully and externalize the measures to improve our conflicting qualities can lead to actual leadership and achievement.
- Successful executives and administrators will realize that, in their job, members need the skills to deal with inconsistencies and accept opposing powers to maximize efficiency and meet the corporate objectives.
Answer:
Company A
a. Differential Analysis dated May 29
Alternative 1 Alternative 2
Opportunity cost $250,000 $550,000
Variable production costs 580,000 192,000
Total cost $830,000 $742,000
b. Sunk cost in this situation is: $225,000 ($400,000 - $175,000) cost of the old machine.
Explanation:
Company A's relevant cost for the old machine is the opportunity cost that it will lose if it continues with Alternative 1 or continued use of the old machine and the additional cost for the new machine for Alternative 2. Also relevant is the variable production costs that would be incurred if the old or new machine is used.
Company A's sunk cost is the cost of the old machine minus accumulated depreciation. Sunk cost is not relevant for decision making under differential analysis.
Company A's differential analysis is a managerial tool that is used to differentiate one decision alternative from another. In this analysis, only relevant costs are considered. A relevant cost in this case is cost that its inclusion or elimination makes a difference in the decision outcome.
